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Ice cancels flights, snarls traffic; snow in North Texas forecast

DALLAS (AP) — More wintry weather was expected across parts of North Texas through Wednesday.

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Berkshire Hathaway company acquires Fort Worth firm

M&M Manufacturing, a producer of sheet metal products for the air distribution and ventilation market based in Fort Worth, has been acquired by MiTek Industries Inc., a subsidiary of Warren Buffett’s Berkshire Hathaway Inc.,

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Plans for Grand Prairie indoor ski resort, Hard Rock Hotel evaporate

Plans for a $215 million indoor ski resort and Hard Rock Hotel in Grand Prairie have been shelved. Sherman Thurston, a member of the development team, sent a

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UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

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26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

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Fort Worth calls Nov. 4 election for funding of new Will Rogers arena

By Scott Nishimura
snishimura@bizpress.net

The Fort Worth City Council unanimously voted to call a Nov. 4 election on funding a new 14,000-seat multipurpose arena at the Will Rogers Memorial Center.

Three sources of funding will be on the ballot:

  • A tax on tickets sold to events held at the arena, capped at 10 percent of the ticket price;
  • A tax on parking in a parking facility that serves the arena, capped at $5 of the total parking charge at the time of the arena’s first public event; 
  • A tax on each stall or pen used or occupied by livestock during events at the arena, capped at $1 a day and up to $20 for an event.

City officials have said their goal is that new revenue volume generated by the arena would overtake the need to raise tax rates.

City officials estimate the arena would cost $450 million. A nonprofit, Event Facilities Fort Worth, has committed to raise at least half that.

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